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Create National Common Market in Agricultural Commodities: Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance The Economic Survey emphasizes on the need for a national common agricultural market and identifies un-integrated and distortion ridden agricultural market as the one of the most striking problems in agriculture growth. The Economic Survey suggests 3 incremental steps as possible solution, building on the Budget 2014 recognition for setting up a national market, farmers' markets and need for the Central Government and the State Government...

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Some Finance Commission suggestions will have "serious effects", says Abhijit Sen in dissent note

-FirstPost.com Abhijit Sen, part-time member of the Planning commission, has openly criticised some of the recommendations of the 14th Finance Commission, particularly with respect to the ones on sharing of taxes to state governments. The dissent note was carried in the report of the commission tabled in Parliament on Tuesday. "The recommendations regarding devolution and revenue deficit grants are bound to disrupt existing plan transfers, with likely very serious effects in the...

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Social schemes to get fiscal eye

-Business Standard Financial position, spending capacity to play a big role, say sources The government might take a hard view on several social sector schemes, including the Prime Minister's pet projects of Digital India and Pradhan Mantri Krishi Sinchaee Yojana in the coming Budget for 2015-16. These might get a renewed thrust but perhaps not in the form of a significant increase in Plan allocation. New ways in which funds will be raised...

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Small industry needs a better policy deal -Pradeep S Mehta

-The Hindu Business Line A flexible approach to collateral will improve access to bank funding. Red tapism too is a perennial concern If the Make in India campaign has to be successful and help many in our country, we need to focus on enabling small units to function and contribute. A major problem small and medium units face is that of finance. Banks and financial institutions are always very wary of assisting them...

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RSS outfits, Opposition may unite against land ordinance -Smita Gupta

-The Hindu Opposition parties, including the newly resurgent Aam Aadmi Party, a slew of people's movements and even RSS affiliates, have decided to join hands to challenge the Centre on the controversial Land Acquisition Ordinance. Emboldened by the results of the Delhi Assembly elections, these groups plan to hold protests together in the capital from February 22 to 24, coinciding with the start of the Budget Session of Parliament. For the ruling NDA,...

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